Today’s tip is to spend money on things that will save you money in the long term.

The emphasis is on recognizing and making choices knowing the difference between value and cost, and between being frugal and cheap. Put another way, be careful about being “penny wise, and pound foolish,” the old observation that saving on small things when not being wise about big things isn’t, well, wise. Sometimes you have to”pay to play” — you have to spend money to make money…